---
title: "SEC Staff Says Token Buybacks Don’t Make Crypto a Security—If the Network Works"
url: https://thecoingazette.com/sec-staff-says-token-buybacks-dont-make-crypto-a-security-if-the-network-works/
date: 2026-09-27
modified: 2026-09-27
lang: en
author: "Coin Gazette Editorial"
description: "New SEC staff guidance says announcing a token buyback on a functional network isn't a promise that turns the token into a security, a shift one attorney says makes securities..."
categories:
  - "Law and Order"
word_count: 33
---

# SEC Staff Says Token Buybacks Don’t Make Crypto a Security—If the Network Works

New SEC staff guidance says announcing a token buyback on a functional network isn't a promise that turns the token into a security, a shift one attorney says makes securities laws look "opt-in."